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What is the value of sustainably-produced rice? : consumer evidence from experimental auctions in Vietnam

(2018) FOOD POLICY. 79. p.283-296
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Abstract
Little is known about the value of sustainably-produced rice and incentive mechanisms for the adoption of sustainable production standards throughout rice value chains in Southeast Asia. This study tests the feasibility of a market-based incentive mechanism by eliciting consumers' willingness-to-pay (WTP) for rice produced and labeled under a national sustainable production standard in the South of Vietnam through experimental auctions. Domestic consumers are willing to pay a 9% price premium for certified sustainably-produced rice. This premium gradually increases up to 33% when incremental levels of information on certification and traceability are provided. Consumers willing to pay premiums for sustainably-produced rice are more health-conscious, have better knowledge of and greater trust in food quality certification for rice, and tend to be more environmentally conscious and to read food labels before purchasing. Findings suggest that sustainable production labels for rice should be accompanied by supplementary information on certification and traceability to increase consumers' awareness and appreciation of sustainably-produced rice. Promoting certified sustainably-produced rice hence crucially hinges on strengthening consumers' knowledge of and trust in food quality certification. Communication strategies are recommended to focus on the environmental and health benefits of sustainably-produced rice.
Keywords
Rice, Sustainability, BDM auction, VietGAP, GlobalGAP, Vietnam, WILLINGNESS-TO-PAY, ORGANIC FOOD-CONSUMPTION, MEKONG DELTA, PURCHASE INTENTION, VICKREY AUCTION, ECONOMIC-IMPACT, TRACEABLE FOOD, QUALITY, VALUATION, ATTRIBUTES

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MLA
Nguyen Hoang Diem, My, Matty Demont, Ellen Van Loo, et al. “What Is the Value of Sustainably-produced Rice? : Consumer Evidence from Experimental Auctions in Vietnam.” FOOD POLICY 79 (2018): 283–296. Print.
APA
Nguyen Hoang Diem, M., Demont, M., Van Loo, E., de Guia, A., Rutsaert, P., Tuan, T. H., & Verbeke, W. (2018). What is the value of sustainably-produced rice? : consumer evidence from experimental auctions in Vietnam. FOOD POLICY, 79, 283–296.
Chicago author-date
Nguyen Hoang Diem, My, Matty Demont, Ellen Van Loo, Annalyn de Guia, Pieter Rutsaert, Tran Huu Tuan, and Wim Verbeke. 2018. “What Is the Value of Sustainably-produced Rice? : Consumer Evidence from Experimental Auctions in Vietnam.” Food Policy 79: 283–296.
Chicago author-date (all authors)
Nguyen Hoang Diem, My, Matty Demont, Ellen Van Loo, Annalyn de Guia, Pieter Rutsaert, Tran Huu Tuan, and Wim Verbeke. 2018. “What Is the Value of Sustainably-produced Rice? : Consumer Evidence from Experimental Auctions in Vietnam.” Food Policy 79: 283–296.
Vancouver
1.
Nguyen Hoang Diem M, Demont M, Van Loo E, de Guia A, Rutsaert P, Tuan TH, et al. What is the value of sustainably-produced rice? : consumer evidence from experimental auctions in Vietnam. FOOD POLICY. 2018;79:283–96.
IEEE
[1]
M. Nguyen Hoang Diem et al., “What is the value of sustainably-produced rice? : consumer evidence from experimental auctions in Vietnam,” FOOD POLICY, vol. 79, pp. 283–296, 2018.
@article{8573858,
  abstract     = {Little is known about the value of sustainably-produced rice and incentive mechanisms for the adoption of sustainable production standards throughout rice value chains in Southeast Asia. This study tests the feasibility of a market-based incentive mechanism by eliciting consumers' willingness-to-pay (WTP) for rice produced and labeled under a national sustainable production standard in the South of Vietnam through experimental auctions. Domestic consumers are willing to pay a 9% price premium for certified sustainably-produced rice. This premium gradually increases up to 33% when incremental levels of information on certification and traceability are provided. Consumers willing to pay premiums for sustainably-produced rice are more health-conscious, have better knowledge of and greater trust in food quality certification for rice, and tend to be more environmentally conscious and to read food labels before purchasing. Findings suggest that sustainable production labels for rice should be accompanied by supplementary information on certification and traceability to increase consumers' awareness and appreciation of sustainably-produced rice. Promoting certified sustainably-produced rice hence crucially hinges on strengthening consumers' knowledge of and trust in food quality certification. Communication strategies are recommended to focus on the environmental and health benefits of sustainably-produced rice.},
  author       = {Nguyen Hoang Diem, My and Demont, Matty and Van Loo, Ellen and de Guia, Annalyn and Rutsaert, Pieter and Tuan, Tran Huu and Verbeke, Wim},
  issn         = {0306-9192},
  journal      = {FOOD POLICY},
  keywords     = {Rice,Sustainability,BDM auction,VietGAP,GlobalGAP,Vietnam,WILLINGNESS-TO-PAY,ORGANIC FOOD-CONSUMPTION,MEKONG DELTA,PURCHASE INTENTION,VICKREY AUCTION,ECONOMIC-IMPACT,TRACEABLE FOOD,QUALITY,VALUATION,ATTRIBUTES},
  language     = {eng},
  pages        = {283--296},
  title        = {What is the value of sustainably-produced rice? : consumer evidence from experimental auctions in Vietnam},
  url          = {http://dx.doi.org/10.1016/j.foodpol.2018.08.004},
  volume       = {79},
  year         = {2018},
}

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